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The following years saw Fortunoff continue to struggle, and on February 4, 2008, the chain filed for Chapter 11 bankruptcy along with accepting the $100 million sale to NRDC Equity Partners, [3] [4] the parent company of longtime New York retailer Lord & Taylor. The sale was estimated to include Fortunoff's debt of approximately $60 million. [5]
An office chair, or desk chair, is a type of chair that is designed for use at a desk in an office. It is usually a swivel chair , with a set of wheels for mobility and adjustable height. Modern office chairs typically use a single, distinctive load bearing leg (often called a gas lift ), which is positioned underneath the chair seat.
The Aeron was so popular that after the bubble burst, one commenter described the piles of unused chairs as reminiscent of a "corporate graveyard" of office furniture. [ 15 ] In 2010, Bloomberg stated that the Aeron was the best-selling individual office chair in the United States. [ 1 ]
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The chair was modeled off of an office chair from The HON Company [4] with the dimensions of the chair converted from inches to feet. Construction of the chair took place in 1981 at the empty lot next to the furniture showroom. [5] The chair was built using 10 tons of steel, [6] 15 tons of cement, [7] and can withstand 85-mile-per-hour (137 km ...
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